Altria Group, Inc. (NYSE:MO) Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. increased its holdings in Altria Group, Inc. (NYSE:MO) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,168 shares of the company’s stock after acquiring an additional 4,205 shares during the quarter. Hilltop Holdings Inc.’s holdings in Altria Group were worth $2,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MFA Wealth Advisors LLC acquired a new position in Altria Group in the second quarter valued at $27,000. True Wealth Design LLC grew its holdings in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after buying an additional 462 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in Altria Group in the 2nd quarter valued at about $30,000. Valley Wealth Managers Inc. raised its stake in Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after acquiring an additional 260 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in Altria Group during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 1.0 %

NYSE:MO opened at $57.18 on Tuesday. The firm’s fifty day simple moving average is $52.55 and its 200-day simple moving average is $50.16. The stock has a market cap of $96.91 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup boosted their target price on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Bank of America dropped their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $51.33.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.